Fiserv, Inc. $FI Shares Bought by Parkwood LLC

Key Points

• Parkwood LLC increased its holdings in Fiserv, Inc. by 70.2% during the first quarter, owning a total of 92,984 shares valued at approximately $20.5 million, making it the 15th largest position in their portfolio.
• Institutional ownership of Fiserv stands at 90.98%, with various funds, including new stakeholders like Saudi Central Bank, making significant investments in the company.
• Recent analyst reports have led to lowered price targets for Fiserv, with UBS Group reducing its target from $225 to $170, while maintaining a "buy" rating, highlighting a generally optimistic yet cautious outlook on the stock.

Parkwood LLC grew its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 70.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 92,984 shares of the business services provider's stock after buying an additional 38,353 shares during the quarter. Fiserv accounts for 1.9% of Parkwood LLC's investment portfolio, making the stock its 15th largest holding. Parkwood LLC's holdings in Fiserv were worth $20,533,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Plancorp LLC purchased a new stake in shares of Fiserv during the 1st quarter worth $409,000. NewEdge Advisors LLC boosted its position in shares of Fiserv by 9.3% during the 1st quarter. NewEdge Advisors LLC now owns 26,150 shares of the business services provider's stock worth $5,775,000 after purchasing an additional 2,233 shares in the last quarter. Night Owl Capital Management LLC boosted its position in shares of Fiserv by 4.1% during the 1st quarter. Night Owl Capital Management LLC now owns 281,106 shares of the business services provider's stock worth $62,077,000 after purchasing an additional 11,077 shares in the last quarter. Nippon Life Global Investors Americas Inc. boosted its position in shares of Fiserv by 6.7% during the 1st quarter. Nippon Life Global Investors Americas Inc. now owns 313,680 shares of the business services provider's stock worth $69,270,000 after purchasing an additional 19,560 shares in the last quarter. Finally, Gotham Asset Management LLC boosted its position in shares of Fiserv by 5.4% during the 1st quarter. Gotham Asset Management LLC now owns 74,674 shares of the business services provider's stock worth $16,490,000 after purchasing an additional 3,809 shares in the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Stock Performance

Shares of NYSE:FI traded up $1.01 on Tuesday, reaching $136.22. 4,123,148 shares of the company's stock were exchanged, compared to its average volume of 3,801,657. The firm has a market capitalization of $74.05 billion, a price-to-earnings ratio of 22.74, a PEG ratio of 0.88 and a beta of 0.94. Fiserv, Inc. has a fifty-two week low of $128.22 and a fifty-two week high of $238.59. The business's 50-day moving average is $146.73 and its two-hundred day moving average is $176.77. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09.

Fiserv (NYSE:FI - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, topping analysts' consensus estimates of $2.43 by $0.04. The company had revenue of $5.20 billion for the quarter, compared to analysts' expectations of $5.20 billion. Fiserv had a net margin of 16.00% and a return on equity of 19.69%. The firm's revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.13 earnings per share. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. As a group, equities research analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current year.

Wall Street Analyst Weigh In

FI has been the topic of several research analyst reports. UBS Group decreased their target price on shares of Fiserv from $225.00 to $170.00 and set a "buy" rating on the stock in a research report on Friday, July 25th. Morgan Stanley lowered their target price on Fiserv from $268.00 to $266.00 and set an "overweight" rating on the stock in a report on Monday, July 21st. Susquehanna decreased their price objective on shares of Fiserv from $240.00 to $220.00 and set a "positive" rating on the stock in a research report on Thursday, July 24th. Tigress Financial boosted their price objective on shares of Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Finally, Truist Financial boosted their price objective on shares of Fiserv from $181.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $207.36.

About Fiserv

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.